Nevada LLC Costs 2026: $425 to Form + $350/yr

Nevada LLC Annual Fees Breakdown

Every year, your Nevada LLC must pay two recurring fees, both due at the same time:

• Annual List of Managers/Members: $150
• State Business License Renewal: $200
• Total annual cost: $350

Both filings are due by the last day of the LLC's formation anniversary month. If you formed your LLC in March, your Annual List and license renewal are due every year by March 31.

Annual List of Managers/Members

Nevada's annual filing is the Annual List of Managers or Managing Members ($150). Nevada LLCs are not required to publicly disclose their members or ownership percentages — you list only a manager or managing member, keeping member identities and ownership stakes private. This is one of Nevada's most prized privacy features and sets it apart from most other states.

Business License Renewal

Nevada requires every LLC to maintain an active State Business License, renewed annually for $200. This applies even if your LLC is not actively generating revenue in Nevada. Failing to renew results in the license being revoked, which places your LLC out of good standing and may affect your ability to enter contracts or open bank accounts.

What Happens If You Miss the Nevada Annual Report?

Missing your Annual List deadline sets off an escalating — and entirely avoidable — sequence of fees and status changes:

1. Immediately after the deadline: a $75 late penalty is added to your balance. Bringing the LLC current now costs $150 (Annual List) + $200 (license renewal) + $75 (penalty) = $425.
2. Default status: until you file, your LLC is in default with the Nevada Secretary of State. A defaulted LLC is not in good standing — which can block bank financing, contract signings, and certificate-of-good-standing requests.
3. Charter revocation: if the default is not cured, the Secretary of State revokes the LLC's charter under NRS 86.274 — typically after about a year in default. A revoked LLC loses its right to transact business in Nevada.

Reinstating a Revoked Nevada LLC

Revocation is not the end of the road — Nevada allows revoked LLCs to be reinstated, but the price tag grows the longer you wait. To restore good standing you must file a Reinstatement Application with the Secretary of State and pay:

• The $300 reinstatement fee
• Every missed $150 Annual List filing for the years in default
• Every missed $200 State Business License renewal
• All accrued $75 late penalties

A single missed year therefore costs at least $725 to unwind ($300 + $150 + $200 + $75) — more than double the normal $350 annual cost. Multi-year defaults compound: each additional year adds another $350 in back fees plus penalties before the state will restore good standing.

No State Income Tax in Nevada

Nevada is one of only nine U.S. states with no state income tax. This means:

• No Nevada personal income tax: Members pay zero Nevada tax on LLC distributions
• No Nevada corporate income tax: Even LLCs taxed as C-Corps pay no Nevada income tax
• No franchise tax: Nevada does not charge LLCs a franchise tax for operating in the state
• Federal taxes still apply: All income remains subject to federal income and self-employment taxes

For Nevada residents who own Nevada LLCs, the tax savings compared to high-tax states can be substantial. California residents pay up to 13.3% state income tax on their share of LLC income; Nevada residents pay 0%. Over years of operation, this difference compounds significantly.

Important caveat for non-residents: If you live outside Nevada, your home state will typically tax your share of the LLC income regardless of where the LLC is formed. Non-residents do not automatically benefit from Nevada's zero income tax policy unless they also reside in Nevada.

Nevada Commerce Tax

The Nevada Commerce Tax was introduced in 2015 and applies to businesses with Nevada gross revenue exceeding $4,000,000 per fiscal year (July 1 – June 30). For the vast majority of small and medium-sized businesses, this tax is irrelevant.

How It Works

• Threshold: $4 million in Nevada gross revenue per fiscal year
• Rate: 0.051% to 0.331% depending on industry classification
• Filing deadline: August 14 following the end of the fiscal year
• Administered by: Nevada Department of Taxation

As of recent rule changes, LLCs with Nevada gross revenue of $4 million or less are no longer required to file a Commerce Tax return at all — so most small LLCs have no Commerce Tax filing obligation.

One other state-level tax can apply: the Modified Business Tax (MBT), a payroll tax of 1.378% on quarterly Nevada wages above $50,000 (after the health-insurance deduction). It only matters if your LLC has Nevada employees and a sizable payroll; single-member LLCs with no employees do not pay it.

Nevada vs. Wyoming vs. Delaware: Cost Comparison

These three states dominate the "best state for LLC formation" conversation. Here's how annual costs compare for a small LLC:

Annual Ongoing Costs (Small LLC, including registered agent)

• Wyoming: $60 (annual license tax) + $50–$200 (RA) = $110–$260/year
• Nevada: $350 (annual report + license renewal) + $100–$300 (RA) = $450–$650/year
• Delaware: $300 (franchise tax) + $50–$300 (RA) = $350–$600/year

Key Distinctions

• Wyoming wins on cost — cheapest annual maintenance, no income tax, strong asset protection
• Nevada wins on privacy — no public member/manager disclosure, Nevada-specific charging order protections, well-established business infrastructure
• Delaware wins for investor-backed businesses — Court of Chancery, extensive legal precedent, VC preference

For entrepreneurs prioritizing privacy and asset protection over cost savings, Nevada remains compelling despite its higher annual fees. Wyoming is the better choice if minimizing ongoing costs is the primary goal. You can review both at our Wyoming state hub and Delaware state hub. If you formed elsewhere but operate in Nevada, see our Nevada foreign LLC registration guide, and review who can serve as your agent in Nevada registered agent requirements.

Total Annual Cost Breakdown

First Year (Formation)

• Articles of Organization: $75
• Initial List of Managers/Members: $150
• State Business License: $200
• Professional registered agent (optional): $100–$300
• Estimated total first year: $425–$725

The Initial List and State Business License cover your first year, so the next $350 in Annual List and license-renewal fees is not due until your formation anniversary month the following year.

Ongoing Annual Cost

• Annual List of Managers/Members: $150
• State Business License renewal: $200
• Professional registered agent (optional): $100–$300
• Total ongoing: $450–$650/year

While Nevada's annual fees are higher than Wyoming's, the combination of zero income tax, strong privacy laws, and robust asset protection statutes makes it a compelling choice for many business owners. For a comprehensive look at all annual requirements and deadlines, read our Nevada LLC Annual Compliance Requirements guide, or compare costs at our Nevada state hub.